Multiple Choice
Deflation is occurring in a nation; the implication(s) of this is/are:
A) both real and nominal wages are rising.
B) both real and nominal wages are falling.
C) if you have no job and have no income, you are better off because things are cheaper.
D) holding nominal wages constant, the real wage would rise.
E) holding nominal wages constant, the real wage would fall.
Correct Answer:

Verified
Correct Answer:
Verified
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